Question: Table 3-5 Hours needed to make one unit: of Amount produced in 2400 hours: Cars Airplanes Cars Airplanes stion Canada 40 160 60 15 Japan

Table 3-5 Hours needed to make one unit: of Amount produced in 2400 hours: Cars Airplanes Cars Airplanes stion Canada 40 160 60 15 Japan 50 150 48 16 Refer to Table 3-5, Which country has an absolute advantage in each product? Select one: O a. Canada has an absolute advantage in neither good, and Japan has an absolute advantage in cars. O b. Canada has an absolute advantage in neither good, and Japan has an absolute advantage in both goods. c. Canada has an absolute advantage in airplanes, and Japan has an absolute advantage in cars. O d. Canada has an absolute advantage in cars, and Japan has an absolute advantage in airplanes. Activate Windows
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
